Understanding Spark: A Comprehensive Overview

Spark is a Star (SubDAO) of $Sky that operates as an open-source liquidity and lending protocol via three main modules: the Spark Liquidity Layer (SLL), Savings, and SparkLend. Spark’s $SPK token launched on June 17, 2025, with $SPK airdrops claimable for multiple campaigns. $SPK is Spark’s native governance and staking token, staked to earn Spark and Symbiotic Points and, in the future, secure Spark’s token bridges via Symbiotic’s modular restaking infrastructure. Since $Sky’s introduction of $USDS in September 2024, Spark’s sUSDS vault has led to increased conversion from DAI to USDS.